JFrog (NASDAQ:FROG) Price Target Lowered to $38.00 at Barclays

JFrog (NASDAQ:FROG) had its target price decreased by Barclays from $40.00 to $38.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

FROG has been the topic of a number of other research reports. Robert W. Baird lifted their price target on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday. KeyCorp lifted their target price on shares of JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Scotiabank upped their price target on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday. Oppenheimer lowered shares of JFrog from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Finally, Bank of America cut their price objective on JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.72.

JFrog Price Performance

FROG stock traded up $0.08 during mid-day trading on Monday, reaching $30.99. 111,026 shares of the company’s stock were exchanged, compared to its average volume of 1,270,436. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -58.32 and a beta of 0.93. JFrog has a 12-month low of $22.91 and a 12-month high of $48.81. The stock’s 50 day moving average is $29.20 and its 200 day moving average is $32.23.

Insider Buying and Selling at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $462,750.00. Following the sale, the chief technology officer now owns 6,612,242 shares of the company’s stock, valued at approximately $203,987,665.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other JFrog news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.85, for a total value of $462,750.00. Following the transaction, the chief technology officer now owns 6,612,242 shares of the company’s stock, valued at $203,987,665.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the sale, the chief executive officer now owns 5,027,493 shares of the company’s stock, valued at approximately $136,043,960.58. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 126,031 shares of company stock worth $3,618,247 in the last ninety days. 15.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FROG. TimesSquare Capital Management LLC lifted its stake in JFrog by 114.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after acquiring an additional 1,617,551 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of JFrog by 285.1% in the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock valued at $62,885,000 after purchasing an additional 1,052,800 shares during the period. Meitav Investment House Ltd. grew its holdings in shares of JFrog by 4,244.7% in the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock valued at $32,903,000 after purchasing an additional 856,451 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of JFrog by 172.5% in the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock valued at $49,943,000 after purchasing an additional 841,956 shares in the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in JFrog during the 2nd quarter worth approximately $30,098,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

About JFrog

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.